I understand the currency crisis,the need to collateralize currency . That's an obvious place for precious metals. Even more obvious is an investment in a gold and/or silver miner that could literally extract money from the ground. but...
Eric Sprott ,Jim Sinclair ,Doug Casey all have something very much in common. They seem to get richer or more connected on inside deals while the retail investor holds on and loses , primarily because they keep up the hype. Golds going higher ! No kidding ,but if it crashed before it does ,they might just get a taste of their own medicine.
We have no idea how many companies they are on both sides of trades with. They all have networks of yes men in a complex called junior mining. Just remember somebodies got to lose. Furthermore ,it can happen easier with PM's,even physical coins or bullion . Don't you think the Central Banks buying gold know something about shorting .? Do you think they're just going to sit on their gold earning no interest. That's fantasy in todays world.
Seriously ,Why in world would Sprott have voted for this US Silver/Rx Gold merger ? The value created was /is entirely for insiders but we are suppose to be comforted by the fact that G&S are going to the moon...someday
I need no more advice from these pundits. Liars filled with self interest,no different than the Big Banks. No true capitalist system exists on Earth right now.
All I can do is use what I've learned . If I see an institution like Sprotts or Pine Tree (Inwentash) buying big >8% , into one of my investments,I'm gone.
